Indiana Code
Chapter 4. Financing; Issuance of Bonds; Leases
36-7.5-4-6. Bond Refunding; Leases

Sec. 6. (a) Bonds issued under IC 8-5-15, IC 8-22-3, or IC 36-9-3 or prior law may be refunded as provided in this section.
(b) An eligible political subdivision may:
(1) lease all or a portion of land or a project or projects to the development authority, which may be at a nominal lease rental with a lease back to the eligible political subdivision, conditioned upon the development authority assuming bonds issued under IC 8-5-15, IC 8-22-3, or IC 36-9-3 or prior law and issuing its bonds to refund those bonds; and
(2) sell all or a portion of land or a project or projects to the development authority for a price sufficient to provide for the refunding of those bonds and lease back the land or project or projects from the development authority.
As added by P.L.214-2005, SEC.73. Amended by P.L.114-2022, SEC.39.

Structure Indiana Code

Indiana Code

Title 36. Local Government

Article 7.5. Northwest Indiana Regional Development Authority

Chapter 4. Financing; Issuance of Bonds; Leases

36-7.5-4-1. Development Authority Revenue Fund; Accounts; Use of Money in the Fund; Debt Service

36-7.5-4-2. Revenue Transfers to Fund; Rail Projects

36-7.5-4-2.5. Use of Revenue to Support Rail Projects and Double Tracking Project; Payments of Revenue to Development Authority Before Certified Distributions Are Made

36-7.5-4-3. Bond Issues

36-7.5-4-4. Bonding; Complete Authority

36-7.5-4-5. Bonding; Security; Trust Indenture

36-7.5-4-6. Bond Refunding; Leases

36-7.5-4-7. Leases; Findings

36-7.5-4-8. Leases; Complete Authority

36-7.5-4-9. Plans; Approval

36-7.5-4-10. Agreements; Common Wall; Easements; Licenses

36-7.5-4-11. Leases or Sale of Projects or Land to Authority

36-7.5-4-12. Option to Purchase Property

36-7.5-4-13. Tax Exemption

36-7.5-4-14. Bonds; Legal Investments

36-7.5-4-15. Bonds; Contesting Validity

36-7.5-4-16. Transfers; Failure to Make; Duty of State Treasurer or Fiscal Officer; Deduct and Transfer Payment

36-7.5-4-16-b. Transfers; Failure to Make; Duty of State Treasurer or Local Fiscal Officer; Deduction of Amounts Payable; Payment to Development Authority

36-7.5-4-16.5. Failure of Certain Cities or Counties to Make a Transfer; Duties of State Treasurer; Deduction of Amounts Payable to City or County; Payment to Development Authority

36-7.5-4-17. Covenant With Holders

36-7.5-4-18. Exclusive Approval; Development Authority; Financing a Rail Project

36-7.5-4-19. Obligations Legalized and Validated

36-7.5-4-20. Transfer of Money

36-7.5-4-21. West Lake Corridor Project; Failure to Enter Into a Full Funding Grant Agreement

36-7.5-4-22. Lake County; Commuter Rail Extensions and Improvements; Failure to File Proper Application for Federal Funding